$RIDE 05/21/19 Morgan Stanley cut its bear (worst-case) forecast on Tesla’s stock from $97 to just $10 on Tuesday, citing concerns about the company’s increased debt load and geopolitical exposure. In particular, Morgan Stanley analysts said the reduction was driven by concerns around Chinese demand for Tesla products. “Our revised bear case assumes Tesla misses our current Chinese volume forecast by roughly half to account for the highly volatile trade situation in the region, particularly around areas of technology, which we believe run a high and increasing risk of government/regulatory attention,” the research team, which included analyst Adam Jonas, said in the note. Jonas was wrong by a factor of 400x in only 2 years as today split adjusted value of shares is $4000 each. Genius also thought an Endurance flat tire required a new hub motor to fix. Publishing his opinion on EV anything should be a felony.
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